Shoals Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . Shoals Technologies Group
SHLS Stock  USD 4.41  0.16  3.50%   
Shoals Technologies financial statements provide useful quarterly and yearly information to potential Shoals Technologies Group investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Shoals Technologies financial statements helps investors assess Shoals Technologies' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Shoals Technologies' valuation are summarized below:
Gross Profit
131.3 M
Profit Margin
0.0778
Market Capitalization
761.8 M
Enterprise Value Revenue
2.1115
Revenue
422.7 M
There are over one hundred nineteen available fundamental trend indicators for Shoals Technologies Group, which can be analyzed over time and compared to other ratios. All traders should double-check Shoals Technologies' current fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction. Market Cap is likely to gain to about 4.6 B in 2024. Enterprise Value is likely to gain to about 4.7 B in 2024

Shoals Technologies Total Revenue

266.36 Million

Check Shoals Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Shoals Technologies' main balance sheet or income statement drivers, such as Depreciation And Amortization of 10.8 M, Interest Expense of 25.3 M or Selling General Administrative of 84.8 M, as well as many indicators such as Price To Sales Ratio of 4.96, Dividend Yield of 0.0716 or PTB Ratio of 4.45. Shoals financial statements analysis is a perfect complement when working with Shoals Technologies Valuation or Volatility modules.
  
Check out the analysis of Shoals Technologies Correlation against competitors.

Shoals Technologies Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets446.2 M844 M290.9 M
Slightly volatile
Short and Long Term Debt Total200.8 M184.7 M107.5 M
Slightly volatile
Other Current Liabilities55.5 M52.9 M10.4 M
Slightly volatile
Total Current Liabilities97.3 M92.6 M28.3 M
Slightly volatile
Property Plant And Equipment Net17.3 M27.7 M13 M
Slightly volatile
Net Debt190.9 M162 M103.2 M
Slightly volatile
Accounts Payable13.8 M14.4 M9.2 M
Slightly volatile
Cash23.8 M22.7 M5.2 M
Slightly volatile
Non Current Assets Total333.7 M616.8 M222.8 M
Slightly volatile
Long Term Debt160.6 M179.4 M88.3 M
Slightly volatile
Cash And Short Term Investments23.8 M22.7 M5.2 M
Slightly volatile
Net Receivables154.6 M147.3 M47.3 M
Slightly volatile
Good Will66 M80.4 M55.8 M
Slightly volatile
Common Stock Shares Outstanding125 M164.5 M159.7 M
Slightly volatile
Liabilities And Stockholders Equity446.2 M844 M290.9 M
Slightly volatile
Non Current Liabilities Total230 M206.4 M118.2 M
Slightly volatile
Inventory36.3 M52.8 M20.9 M
Slightly volatile
Other Current Assets2.9 M4.4 M1.8 M
Slightly volatile
Total Liabilities273.4 M299 M142.8 M
Slightly volatile
Net Invested Capital762.8 M726.4 M200.7 M
Slightly volatile
Property Plant And Equipment Gross20.9 M34.4 M14.5 M
Slightly volatile
Short and Long Term Debt3.5 M1.8 M3.8 M
Very volatile
Total Current Assets238.5 M227.2 M76.6 M
Slightly volatile
Net Working Capital69.1 M134.6 M43.5 M
Slightly volatile
Short Term Debt3.8 M3.1 M4 M
Very volatile
Intangible Assets54.7 M48.7 M77.9 M
Slightly volatile
Property Plant Equipment15.5 M24.1 M12.9 M
Slightly volatile
Other Assets176.3 M338 M69.2 M
Slightly volatile
Deferred Long Term Liabilities3 M3.3 M3.6 M
Slightly volatile
Other Liabilities825.1 K868.5 K126 M
Slightly volatile
Current Deferred Revenue17.4 M22.2 M5.7 M
Slightly volatile
Common Stock Total Equity1.6 K1.8 K2 K
Slightly volatile
Long Term Debt Total44.1 M49.6 M54 M
Slightly volatile
Capital Surpluse76.5 M86.1 M93.8 M
Slightly volatile
Non Current Liabilities Other25.6 M26.9 M281.6 M
Slightly volatile

Shoals Technologies Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization10.8 M10.5 M9.4 M
Slightly volatile
Interest Expense25.3 M24.1 M7.3 M
Slightly volatile
Selling General Administrative84.8 M80.7 M24.6 M
Slightly volatile
Total Revenue266.4 M488.9 M169.9 M
Slightly volatile
Gross Profit95.6 M168.3 M56.1 M
Slightly volatile
Other Operating Expenses219.3 M409.9 M143.8 M
Slightly volatile
Operating Income66.2 M79 M34.4 M
Slightly volatile
Net Income From Continuing Ops151.6 M144.4 M38.8 M
Slightly volatile
EBIT66.6 M79 M34.6 M
Slightly volatile
EBITDA77.4 M89.6 M44 M
Slightly volatile
Cost Of Revenue170.8 M320.6 M113.8 M
Slightly volatile
Total Operating Expenses48.5 M89.3 M30 M
Slightly volatile
Reconciled Depreciation10.7 M10.3 M9.4 M
Slightly volatile
Income Before Tax51.1 M54.9 M26.6 M
Slightly volatile
Net Income Applicable To Common Shares154.1 M146.8 M37.8 M
Slightly volatile
Net Income43.8 M40 M23.5 M
Slightly volatile
Income Tax Expense12.9 M12.3 M3.7 M
Slightly volatile
Selling And Marketing Expenses1.1 M1.3 M1.4 M
Slightly volatile

Shoals Technologies Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow7.1 M8.8 M13.4 M
Slightly volatile
Depreciation10.8 M10.5 M9.4 M
Slightly volatile
Dividends Paid1.4 M1.5 M59.7 M
Slightly volatile
Capital Expenditures11.1 M10.6 M3.1 M
Slightly volatile
Net Income46.7 M40 M24.7 M
Slightly volatile
End Period Cash Flow23.8 M22.7 M5.5 M
Slightly volatile
Stock Based Compensation15.5 M20.9 M10.3 M
Slightly volatile
Change Receivables654.4 K736.2 K801.6 K
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio4.965.217734.999
Slightly volatile
Dividend Yield0.07160.06820.0259
Slightly volatile
Days Sales Outstanding65.7311086.0444
Slightly volatile
Stock Based Compensation To Revenue0.05280.04270.0477
Slightly volatile
Capex To Depreciation1.051.00470.3136
Slightly volatile
EV To Sales5.275.54935.5335
Slightly volatile
Inventory Turnover7.036.07227.078
Slightly volatile
Net Income Per Share0.240.24350.1658
Slightly volatile
Days Of Inventory On Hand57.8860.110358.4056
Slightly volatile
Payables Turnover23.3922.272513.3242
Slightly volatile
Sales General And Administrative To Revenue0.10.16510.1046
Slightly volatile
Capex To Revenue0.01260.02160.0144
Slightly volatile
Cash Per Share0.150.13830.0348
Slightly volatile
Interest Coverage3.123.27955.6449
Pretty Stable
Payout Ratio10.5210.024.3735
Slightly volatile
Days Payables Outstanding15.5716.387930.7513
Very volatile
PE Ratio60.6363.8196423
Slightly volatile
Return On Tangible Assets0.05240.05510.1956
Very volatile
Earnings Yield0.01020.01570.0067
Slightly volatile
Intangibles To Total Assets0.130.14050.5879
Slightly volatile
Net Debt To EBITDA3.31.80872.468
Slightly volatile
Current Ratio2.92.45263.006
Slightly volatile
Receivables Turnover5.043.32044.2936
Slightly volatile
Graham Number2.344.26481.8726
Slightly volatile
Capex Per Share0.06770.06440.0204
Slightly volatile
Revenue Per Share3.132.97831.2459
Slightly volatile
Interest Debt Per Share1.141.25210.7845
Slightly volatile
Debt To Assets0.20.2150.3526
Pretty Stable
Enterprise Value Over EBITDA28.7830.2925175
Slightly volatile
Price Earnings Ratio60.6363.8196423
Slightly volatile
Operating Cycle124170144
Slightly volatile
Days Of Payables Outstanding15.5716.387930.7513
Very volatile
Dividend Payout Ratio10.5210.024.3735
Slightly volatile
Pretax Profit Margin0.140.11240.1235
Slightly volatile
Ebt Per Ebit0.790.69510.7564
Pretty Stable
Operating Profit Margin0.180.16160.1596
Slightly volatile
Effective Tax Rate0.280.22340.6632
Slightly volatile
Long Term Debt To Capitalization0.240.24770.3961
Slightly volatile
Total Debt To Capitalization0.240.24980.4088
Slightly volatile
Return On Capital Employed0.130.10520.1065
Slightly volatile
Ebit Per Revenue0.180.16160.1596
Slightly volatile
Quick Ratio1.981.88262.1366
Slightly volatile
Net Income Per E B T0.940.72770.9501
Slightly volatile
Cash Ratio0.170.24510.1022
Slightly volatile
Cash Conversion Cycle96.06154113
Pretty Stable
Days Of Inventory Outstanding57.8860.110358.4056
Slightly volatile
Days Of Sales Outstanding65.7311086.0444
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.830.8850.755
Slightly volatile
Fixed Asset Turnover11.6917.646811.9394
Slightly volatile
Enterprise Value Multiple28.7830.2925175
Slightly volatile
Debt Ratio0.20.2150.3526
Pretty Stable
Price Sales Ratio4.965.217734.999
Slightly volatile
Return On Assets0.080.04740.0718
Slightly volatile
Asset Turnover0.70.57930.602
Slightly volatile
Net Profit Margin0.130.08180.1158
Slightly volatile
Gross Profit Margin0.280.34420.3028
Slightly volatile

Shoals Technologies Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap4.6 B3.1 B4.4 B
Slightly volatile
Enterprise Value4.7 B3.4 B4.5 B
Slightly volatile

Shoals Fundamental Market Drivers

Forward Price Earnings9.99
Cash And Short Term Investments22.7 M

Shoals Upcoming Events

27th of February 2024
Upcoming Quarterly Report
View
13th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
27th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Shoals Technologies Financial Statements

Shoals Technologies shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Shoals Technologies investors may analyze each financial statement separately, they are all interrelated. The changes in Shoals Technologies' assets and liabilities, for example, are also reflected in the revenues and expenses on on Shoals Technologies' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue22.2 M17.4 M
Total Revenue488.9 M266.4 M
Cost Of Revenue320.6 M170.8 M
Stock Based Compensation To Revenue 0.04  0.05 
Sales General And Administrative To Revenue 0.17  0.10 
Capex To Revenue 0.02  0.01 
Revenue Per Share 2.98  3.13 
Ebit Per Revenue 0.16  0.18 

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Additional Tools for Shoals Stock Analysis

When running Shoals Technologies' price analysis, check to measure Shoals Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shoals Technologies is operating at the current time. Most of Shoals Technologies' value examination focuses on studying past and present price action to predict the probability of Shoals Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shoals Technologies' price. Additionally, you may evaluate how the addition of Shoals Technologies to your portfolios can decrease your overall portfolio volatility.
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